Just curious, what did you end up purchasing after and why?

Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

First, congratulations on purchasing your first property together.

Once I was deployed on a submarine in the North Atlantic and they helped my wife with a 1031 exchange on the sale of a home and purchase of 2 other properties.

Purchased as an asset sale in October 2019 as a buy/hold investment.

Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income. 

Hey Cameron, for experienced investors I can lend up to 100% of the purchase and rehab costs on 1-4 unit properties.

I have helped many new investors purchase their first property in Memphis and LIT.

The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.

But one thing is for certain - if it's off-market, you have a much greater probability of getting to the the desired purchase % you are after.